Slippin’ Into Darkness! Unrealized Losses On Banks’ Investment Securities Increase For 11th Straight Quarter (66 Banks On FDIC’s Problem Bank List)

confoundedinterest17 #bubble, #inflation, Banking, CMBS, CRE, Cryptocurrencies, Currency, ECB, Fed, GDP, Gold, Housing, Inflation, Mortgage, Pension, Powell, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve September 12, 2024 1 Minute

The US is slippin’ into darkness under Biden/Harris.

Q2 marks the 11th STRAIGHT quarter of unrealized losses on investment securities for banks, a streak never seen before. The number of banks on the FDIC Problem Bank List increased to 66 and represents 1.5% of total.

This is in addition to price Increases over last 4 years…
CPI Medical Care: +7.8%
CPI Apparel: +12.7%
CPI Used Cars: +18.3%
CPI New Cars: +20.5%
CPI Food at home: +21.4%
CPI Shelter: +23.4%
CPI Food away from home: +25.4%
CPI Electricity: +29.8%
CPI Gas Utilities: +34.9%
CPI Transportation: +38.8%
US Home Prices: +48.0%
CPI Auto Insurance: +52.4%
CPI Gasoline: +53.5%
CPI Fuel Oil: +54.9%

Don’t spill the wine, its too expensive under Biden/Harris/Powell.